NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0644%/8h= −70.5% APRnext payment −$0.80 per $10,000 · paid last 24h −0.044%

Price spread now: Arcus against Kraken Futures+0.124%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Arcus is 0.124% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.124% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_NBISUSD	231.10	0.0684	pay 0.0085% / 1h	54m 00s	$23K	$15K	20x
Short	Arcus NBIS-USD	231.39	0.0040	get 0.0005% / 1h	54m 00s	$42K	$132K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee ArcusbpOrdersPrice spread, now +0.124%Rate

Funding earned: −$135.14
Price spread: +0.124% → 0.000%: $12.4
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$137.24
Costs to cover: 0.145%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Arcus: live order book, 54 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures no order-book sample	—	—	—	—	—
Sell Arcus live order book, 54 min ago	2.59 bp	12.6 bp −$13	18.0 bp −$180	doesn't fit	doesn't fit

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NBIS on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NBISUSDT	−0.0387%	8h	231.33	+0.098%	$2.3M	$4.5M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.17	+0.027%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.11	+0.004%	$146K	$753K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.30	+0.086%	$18.6M	$87.1M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.36	+0.111%	$4.9M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.29	+0.081%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.30	+0.085%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.22	+0.052%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.54	+0.188%	$5K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	232.02	+0.397%	$1K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NBIS-USDT	0.0000%	8h	231.79	+0.297%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.32	+0.094%	$1.6M	$960K	10x	as long as short
BloFin NBIS-USDT	0.0000%	8h	231.38	+0.120%	$203K	$206K	20x	as long as short
Arcus NBIS-USDshort	+0.0040%	1h	231.39	+0.124%	$42K	$132K	5x
Vest NBIS-USD-PERP	+0.0046%	1h	231.20	+0.042%	—	$220K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.04	−0.027%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	231.20	+0.042%	$79	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.98	−0.053%	$151K	$547K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	231.08	−0.010%	$1.5M	$3.9M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.06	−0.019%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.20	+0.042%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.17	+0.028%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	232.18	+0.466%	$352K	$816K	10x	as long as short
Nado NBIS-PERP	+0.0124%	1h	231.01	−0.042%	$38K	$115K	3x	as long as short
edgeX NBISUSDC	+0.0170%	4h	231.80	+0.303%	$37K	$225K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0183%	1h	231.04	−0.027%	$34K	$49K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0204%	1h	231.19	+0.037%	$54.3M	$21.0M	10x	as long as short
Phoenix NBIS	+0.0242%	1h	231.70	+0.258%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0328%	1h	231.26	+0.068%	$939K	$3.9M	10x	as long as short
Entropy io:NBIS	+0.0547%	1h	231.45	+0.150%	$10.0M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSDlong	+0.0684%	1h	231.10	long leg	$23K	$15K	20x